The company has strengthened its position as the leading independent insurtech dedicated to the automotive sector, supported by its proprietary technology and customer-centric approach. Wrisk’s latest financial results highlight significant achievements, including a year-on-year revenue growth of 142%, an expanded customer base of approximately 80,000, and a positive EBITDA for its UK business.
CEO Nimeshh Patel attributed the success to Wrisk’s market responsiveness and its focus on innovation. “Our continued growth trajectory reflects our expanding market share as we onboard more brands in the UK. We’ve stayed lean and agile, focusing on meaningful solutions rather than fleeting trends. This approach has allowed us to create future-proof digital insurance solutions that adapt to the evolving needs of our partners.”
Wrisk’s ability to tailor digital insurance solutions has led to high-profile partnerships with leading automotive brands. In 2024, the company secured agreements with Jaguar Land Rover, Volvo, and Mercedes-Benz, providing customised, technology-driven insurance solutions that enhance customer awareness and drive conversion rates. This ‘listen-first’ approach has enabled Wrisk to develop its platform in direct response to its partners’ needs, solidifying its reputation as a trusted innovator in the industry.
With rapid business expansion comes a growing team. In 2024, Wrisk doubled its workforce to over 70 employees, encompassing technical experts, insurance professionals, and corporate specialists. To accommodate this growth, the company opened new offices in Vienna and Munich, alongside a relocation of its London headquarters. Abbie Taft, Head of HR, highlighted the company’s commitment to building a resilient and collaborative culture. “We have a very clear idea of what makes a great Wrisk colleague. In a scaling environment, it’s essential that our people are not only experts in their fields but also passionate, adaptable, and team-oriented. This approach has been key to creating a supportive and innovative workplace.”
As the global insurtech market, currently valued at $22 billion, continues to expand, Wrisk is poised to capitalize on new opportunities through technological innovation and data-driven solutions. Shiv Bhaduri, COO & CDO at Wrisk, emphasized the company’s ambition to redefine digital insurance. “Wrisk has always been at the forefront of innovation. We pioneered the first subscription-based branded insurance model before the market even realized the need for it. Now, we’re revolutionising how automotive OEMs utilize real-time data for precision decision-making.” He added: “This isn’t just momentum—it’s acceleration. With the right systems and tools in place, Wrisk is shaping the future of digital insurance, building the definitive platform for automotive brands that refuse to be left behind.”
